Teradata (NYSE:TDC) Downgraded to Underperform at Bank of America

Teradata (NYSE:TDC) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, Briefing.com reports. They currently have a $39.00 price target on the technology company’s stock, down from their prior price target of $48.00. Bank of America‘s target price would indicate a potential upside of 2.74% from the company’s previous close.

Several other equities analysts also recently commented on the company. Morgan Stanley downgraded Teradata from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 target price on shares of Teradata in a research report on Tuesday, February 13th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their target price on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 13th. Finally, Citigroup boosted their target price on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Teradata has an average rating of “Hold” and a consensus target price of $55.33.

Teradata Stock Performance

NYSE:TDC opened at $37.96 on Tuesday. The stock has a 50-day simple moving average of $37.75 and a two-hundred day simple moving average of $42.29. Teradata has a 52-week low of $35.36 and a 52-week high of $57.73. The firm has a market capitalization of $3.71 billion, a PE ratio of 62.23, a P/E/G ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. During the same period in the previous year, the business earned $0.40 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. Analysts forecast that Teradata will post 1.27 EPS for the current year.

Insider Activity

In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the transaction, the insider now directly owns 156,704 shares in the company, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Teradata

Several hedge funds and other institutional investors have recently bought and sold shares of TDC. Norges Bank bought a new stake in Teradata during the 4th quarter valued at $54,332,000. Federated Hermes Inc. boosted its position in Teradata by 616.4% during the 4th quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock valued at $26,874,000 after acquiring an additional 531,440 shares in the last quarter. Vanguard Group Inc. boosted its position in Teradata by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock valued at $525,451,000 after acquiring an additional 496,702 shares in the last quarter. American Century Companies Inc. boosted its position in Teradata by 21.2% during the 3rd quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock valued at $116,419,000 after acquiring an additional 451,816 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Teradata by 124.5% during the 3rd quarter. Invesco Ltd. now owns 594,626 shares of the technology company’s stock valued at $26,770,000 after acquiring an additional 329,808 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.